COINS, the provider of end-to-end business software to the construction, engineering, home building and service sectors, has acquired AssetTagz, a Market Harborough-based provider of asset management solutions.
AssetTagz will continue to trade under its current brand as a sister company to COINS, but with closer sales collaboration and technical integration of its solution with COINS Construction Cloud.
Robert Brown, Group CEO, COINS, said: “With the acquisition of AssetTagz and its solutions, COINS gains another important piece of the jigsaw puzzle in the digitisation of end-to-end construction processes.
“This acquisition furthers COINS core strategy of providing solutions which deliver a real-time, single source of truth to construction companies looking to reduce cost, increase compliance and improve decision making.
“AssetTagz solutions are already in use by several COINS customers including Byrne Group, Careys, Keltbray, Reach Active and Laing O’Rourke and we look forward to working closely with AssetTagz to expand their footprint in both the COINS customer base and beyond.”
Hiten Kantelia, CEO & co-founder, AssetTagz, said: “We are absolutely delighted that the next phase in AssetTagz’ evolution has been secured. We have partnered with COINS on opportunities for several years, with many customers now successfully using both of our solutions.
“Becoming a sister company of COINS provides exciting opportunities for our overall growth, most excitingly within the construction sector, whilst retaining our autonomy and agility as an independent asset management solution provider.”
